03-Feb-2011 12:20 PM
Thai Airways down as Nok Air reports best ever year, Chinese carriers positive
Analysis
Shares in Thai Airways were down 5.3% yesterday. The carrier is pursuing a major fleet renewal programme and plans to increase its share in local LCC Nok Air from 39% to 49% by the end of the year. Thai admitted in Jan-2011 that it will have to pay a premium for the additional stake in the now-profitable carrier.
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